Connect with us

Digital Securities

Digital Securities Consortium formed Between Industry Participants

mm

Updated

 on

Digital Securities Consortium formed Between Industry Participants

Consortium

In an effort to expedite the global expansion of digital securities within modern finance, a pair of Canadian based companies have joined forces. This endeavour is being undertaken by Polymath and KABN, among others. It has resulted in what they are calling a ‘consortium’.

The idea behind this consortium is that ‘what is good for one is good for all.’ Although participating companies may overlap certain services, by growing the overall industry, each will greatly benefit.

The end goal of this consortium is their appeal to token issuers by means of simplifying access to, and use of, services necessary to issue digital securities. By pooling their resources, this pairing of companies can now offer a comprehensive suite of services which will ensure an easy tokenization process for interested companies.

Role Call

As stated, this consortium is not limited to simply Polymath and KABN. While they each will play pivotal roles, the endeavour is being undertaken initially by the following companies, with the list surely to grow in time.

  • Tokenise.io (UK)
  • MLG Blockchain (Canada)
  • Hyperion Technologies (US)
  • Hassans (Gibraltar)
  • Crypto SA (Australia)
  • Ten Capital (US)
  • Razlin Capital (UK)
  • Global Blockchain Network (US)
  • Evoke Capital (Canada)
  • Secure Digital Markets (Canada)
  • Digital Assets Management (Gibraltar)

As can be seen by the above list, provided by Polymath’s issued statement, this consortium is truly a global endeavour. Companies offering varying services are present from multiple parts of the world.

Commentary

Upon announcement of the planned consortium, the CEOs of both KABN and Polymath spoke on the need for such an endeavour.

Kevin North, CEO of Polymath, stated,

“Our solution supports the creation of digital securities from a wide range of traditional and non-traditional assets…The intention of this partnership is to create a best practice model for customers who need help with the full lifecycle of an STO (Security Token Offering). In this model, the issuer would work with an integrated network of providers who are committed to ensuring that offerings are compliant with securities laws, rules, and regulations across multiple jurisdictions and trading platforms, increasing the value proposition by reducing the distance and friction between investors and issuers. To date, the full STO path is not clear for most of our issuers, so we formed this partnership with the intention of making this a less daunting journey.”

Ben Kessler, CEO of KABN, stated,

“Working with Polymath, KABN supports the compliance requirements for digital securities with its Always On solution providing a faster, better and more economical solution for issuers and investors to validate and verify identity, KYC and AML, and manage liquidity programs…KABN is also the first company to tokenize its company assets and create digital securities with this process, proving the model and paving the way for others to do the same in a manner that meets jurisdictional securities rules and regulations and supports a value proposition for stakeholders, the Blockchain community, issuers and investors.”

KABN

KABN is a Vancouver based company which was founded in 2017. The company specializes in modern financial services ranging from blockchain-based identification, to a VISA endorsed card linked to crypto-based holdings.

Polymath

Polymath is a Toronto based company, which was founded in 2017. The company strives to further the development and adoption of digital securities within modern finance. In an effort to achieve this, they have developed multiple token-standards, facilitating the process of tokenization for any company interested.

In Other News

Polymath is a leader within the world of digital securities. With this in mind, it shouldn’t come as a surprise that they have graced our headlines various times recently. Below are a few articles detailing past endeavours and developments of Polymath in recent months.

Polymath Proves DEX Security Token Concept

LeadBest and Polymath form Partnership to Create Security Token Eosystem

Security Token Platform, Polymath (POLY), Listed on Growing Number of Exchanges

Spread the love

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk.

This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.